Starwood Hotels & Resorts Completes Sale of the Westin Embassy Row, Washington DC; Sheraton Suites San Diego, CA And Sheraton Framingham, MA; Transaction Represents $146 Million in Asset Sales

Business Wire, Feb 3, 2006

WHITE PLAINS, N.Y. -- Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) announced today that they completed the sale of the 206-room Westin Embassy Row in Washington DC, the 264-room Sheraton Suites San Diego in CA and the Sheraton Framingham in MA to Pyramid Hotels Opportunity Venture II of Boston, MA for a total of $146 million. The three hotels will continue to fly their Starwood branded flags under long-term license agreements.

Just minutes from the Capitol, the exclusive Connecticut Avenue shops and the Kennedy Center for the Performing Arts, The Westin Embassy Row, Washington D.C. features elegantly appointed meeting space and spacious guest rooms reflecting turn-of-the-century Washington.

Conveniently located 18 miles from the charming city of Boston, the Sheraton Framingham Hotel serves both business and leisure travelers alike. The hotel features 373 rooms and suites and 25 meeting rooms and is conveniently located to major corporate headquarters such as Staple Corporation and Bose Corporate Center.

Centrally located, Sheraton Suites San Diego is an all-suite hotel in one of the premier areas of downtown San Diego with easy access to the city's unique attractions, including the San Diego Convention Center, the all-new downtown baseball stadium, Petco Park, and the historic Gaslamp shopping and entertainment district. San Diego International Airport, the world famous San Diego Zoo, Balboa Park, Old Town and Sea World are also just minutes away.

Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with approximately 850 properties in more than 95 countries and 145,000 employees at its owned and managed properties. Starwood(R) Hotels is a fully integrated owner, operator and franchisor of hotels and resorts with the following internationally renowned brands: St. Regis(R), The Luxury Collection(R), Sheraton(R), Westin(R), Four Points(R) by Sheraton, W(R), Le Meridien(R) and the recently announced Aloft(SM). Starwood Hotels also owns Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. For more information, please visit www.starwoodhotels.com.

Please contact Starwood's new, toll-free media hotline at (866) 4-STAR-PR (866-478-2777) for photography or additional information.

(Note: This press release contains forward-looking statements within the meaning of federal securities regulations. Forward-looking statements are not guarantees of future performance or events and involve risks and uncertainties and other factors that may cause actual results or events to differ materially from those anticipated at the time the forward-looking statements are made. These risks and uncertainties are presented in detail in our filings with the Securities and Exchange Commission. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained or that results and events will not materially differ. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.)

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